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To: Susan G who wrote (8759)	7/27/2001 8:55:15 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

DJ Veeco Instruments Earnings -3: Sees FY01 As Growth Year Veeco Instruments Inc. (VECO) expects third quarter earnings of 30 cents to 38 cents a share on revenue of $100 million to $110 million. The company plans to reduce its staff by about 8%, or 130 people, and said it anticipates third quarter bookings of $70 million to $80 million. Veeco won't provide guidance beyond the third quarter, citing a lack of visibility and uncertain business conditions. The company, however, remains confident that 2001 overall will show growth in both revenue and earnings. A Thomson Financial/First Call survey of analysts produced a mean third quarter earnings estimate of 37 cents a share on revenue of $110.5 million and forecast 2001 earnings of $1.65 a share and revenue of $456.9 million for the company. Veeco earned 20 cents a share on revenue of $92.9 million for the year-earlier third quarter. The company earned 91 cents a share on revenue of $386.5 million in 2000. (MORE) DOW JONES NEWS 07-27-01 08:51 AM * end of story *